1837 $3 The Newport Lyceum - Newport, KENTUCKY Note
The Newport Lyceum $3 Banknote from 1837, originating in Newport, Kentucky, holds historical significance due to its association with a cultural institution that aimed to provide lectures and entertainment. Despite lacking legal authorization to issue notes, the Newport Lyceum printed these banknotes, leading to a legal dispute with the printers, Underwood, Bald, Spencer & Hufty. The note, graded as Fine+, features a few pinholes on the left side. This piece of US Obsolete Currency offers a glimpse into a chapter of American financial history.
Underwood, Bald, Spencer & Hufty were forced to sue the Newport Lyceum to recover the costs of producing the notes.
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